Supply Chain Optimization

About Inventory Optimization

As inventory planners, their main job consists in analyzing demand and deciding when to order and how much to order new inventories. Traditional inventory management approach depends on pre-defined safety stock and economic order quantity to trigger replenishment.   Often time, the planners is unable to analyse the demand history to adjust these parameters to optimize the require replenishment quantity and time.  The ability to perform multi-dimension ABC analysis is crucial in finding the right balance of inventory mix to optimize the inventory level.

Inventory Optimizer

Optimal Service Levels

ABC Analyzer Features

Safety Stock Handling

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Inventory Optimizer

Continuously pinpoint your optimal inventory levels across the supply chain. Quickly identify and respond to issues to make sure you have the right service levels for the right products always.

Inventory Optimizer Features:

  1. Account for profit margin and impact from lost sales as opposed to just costs for holding inventory
  2. Identify optimal service levels for all products
  3. Integrate with your ERP so you can compare current versus optimal settings and allow update of ERP
  4. Consider cash constraints
  5. Establish order parameters – such as optimal safety stock and replenishment frequency for each product in each location
  6. Highlight alerts and exceptions on aggregated level and easily drill down to details
  7. Consider seasonal variations to calculate optimal time phased safety stocks throughout the year
  8. Run what-if simulations and alternative scenarios

ABC Analyzer Features:

  1. Run ABC Analysis by looking at multiple dimensions concurrently
  2. Integration with ERP system so it is easy to import data and export new ABC classes
  3. Include several ABC dimension in the same view
  4. Tight integration with other planning modules to allow setting up business rules and policies by ABC Class
  5. Identify patterns across different dimensions, such as demand predictability, lead times, and profit margin